Month: August 2020
What is a contra asset account?
Contra equity accounts carry a debit balance reduce equity accounts. Contra revenue accounts reduce revenue accounts and have a debit balance. A contra account offsets [more…]
Cash to accrual for accounts payable and expenses?
Content Switching from Cash to Accrual Basis Accounting Accrual Accounting vs. Cash Basis Accounting: What’s the Difference? Cash to accrual for inventory and cost of [more…]
